Project will serve as cornerstone for a 10-year plan to add more housing and businesses downtown

By

Joseph De Avila

Nov. 29, 2016 7:58 p.m. ET

Real-estate development firm RXR Realty is set to begin construction Wednesday in New Rochelle on a $120 million apartment building that will serve as a cornerstone for a 10-year plan to add more housing and businesses downtown.

The city’s $4 billion plan will include 12 million square feet for new apartments, commercial-office space and arts and cultural institutions.